Australian Dollar Outlook: AUD/USD in Peril as Sentiment Data Signals Weakness
AUD/USD sinks and flirts with major breakdown following disappointing data from China. Market positioning indicates the potential for further declines in the near term.
AUD/USD sinks and flirts with major breakdown following disappointing data from China. Market positioning indicates the potential for further declines in the near term.
USD/JPY goes on the offensive and attacks channel resistance, supported by the broader U.S. dollar’s breakout following a strong rally in Treasury yields.
Signs of waning bullish momentum ended abruptly after Saudi Arabia and Russia announced the extension of their voluntary production cuts. Brent and WTI up over 1%
USD/CAD apprehensively awaits the BoC rate announcement & US ISM services PMI while negative divergence develops on the daily chart.
Worse-than-expected European data provided the catalyst for EUR/USD to break beneath a long-term level of support. Elsewhere EUR/GBP rises despite encouraging UK data
US cash markets return from their long weekend and are quiet so far. Meanwhile, the Nikkei’s advance continues.
The US dollar is pushing higher after a long weekend and that is pressing down on the price of gold and silver
GBP prices slumped on Tuesday morning as China’s economic growth concerns were heightened by a decline in services activity.
Bitcoin and Ethereum are testing crucial support levels that could define the trend for subsequent weeks. What is the outlook and the key levels to watch?
The Australian Dollar dithered after the RBA decided to keep the cash rate unchanged at 4.10% as the bank prepares to pass the Governor’s baton. Where to for AUD/USD?